XML 40 R29.htm IDEA: XBRL DOCUMENT v3.20.2
Convertible Debt (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Convertible Debt
The balance of the Notes at September 30, 2020 is as follows:
Principal amount$78,500,000 
Principal amount converted into common shares(19,085,000)
Unamortized debt discount on the liability component(8,965,643)
Unamortized debt issuance cost(1,233,978)
Accrued interest321,831 
     Net carrying amount $49,537,210 
The balance of the December 2019 Bonds at September 30, 2020 was as follows:
Principal amount$4,030,978 
Unamortized debt issuance cost(37,985)
Accretion of premium associated with the December 2019 Bonds148,593 
Accrued interest10,077 
     Net carrying amount $4,151,663 
Schedule of Maturities of Long-term Debt As of September 30, 2020, future minimum payments due under the Company's convertible debt instruments are as follows:
Convertible Notes (1)December 2019 Bonds (2)Total
Remainder of 2020$— $10,000 $10,000 
20213,862,000 40,300 3,902,300 
20223,862,000 40,300 3,902,300 
20233,862,000 40,300 3,902,300 
202461,346,000 5,189,000 66,535,000 
Total$72,932,000 $5,319,900 $78,251,900 

(1) Amounts represent contractual amounts due under the Notes, including interest based on the fixed rate of 6.5% per year.
(2) Amounts represent amounts due under the December 2019 Bonds, including interest based on the fixed rate of 1% per year plus a premium on such bonds to provide an internal rate of return with respect to such Bonds of 6% at maturity.